Anglo American - (Seite 7)

[Oginvest]

Anglo American on the lookout for lithium as EV metals demand grows

SHANGHAI, Nov 17 (Reuters) -Miner Anglo American AAL.L is identifying opportunities to secure off-take lithium materials amid increasing demand for battery metals, a company executive said.

Lithium is a key metal used in electric vehicle (EV) batteries and demand for the metal has been growing strongly in the past few years as economies transition to green energy.

The company does not own lithium mines but produces copper, nickel and iron ore, other raw materials needed to manufacture batteries, electric cars (EVs) and renewable infrastructure that will help the world transition.

"We don't have a lithium mine and we don't trade it, but we are on the lookout for lithium," said Paul Ward, head of marketing for base metals at Anglo American.

Anglo American's customers are asking for more types of metals including battery materials nickel and lithium, said Ward on the sidelines of the CRU World Copper Conference Asia in Shanghai this week.
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https://www.xm.com/research/markets/allNews/reuters/anglo-am…

[Oginvest]

Anglo American launches Valutrax™ digital traceability to increase value chain transparency

Anglo American announces the launch of Valutrax™, a proprietary digital traceability solution designed to provide customers with greater assurance about the provenance of the products they purchase. Valutrax™ offers a single point of access to core information about such products, helping to trace metals and minerals from source to customer through a tailored selection of key provenance and sustainability indicators.
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https://www.angloamerican.com/media/press-releases/2023/14-1…

[Oginvest]

Anglo American's costly fertiliser mine seeks more customers

LONDON, Nov 10 (Reuters) - Anglo American (AAL.L) is seeking partners in the Middle East and Africa to do supply and distribution deals for fertiliser from its multi-billion-dollar mining project in northeast England, a senior executive said.

The Woodsmith mine, on which Anglo American announced a $1.7 billion writdeown in February, has the world's largest known deposit of polyhalite, a naturally-occurring mineral containing nutrients including potassium, calcium, magnesium and sulphur, which it is marketing as POLY4.

Until now the mineral has only been produced in small quantities and its market is not commercially proven at scale, but Anglo American says polyhalite has the potential to improve the crop yield by 3% to 5%.

Tom McCulley, CEO of Anglo's Crop Nutrients division, also predicted the rising global population, concern about climate change and the impact of extreme weather on arable land would boost demand.
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https://www.reuters.com/markets/commodities/anglo-americans-…

[Oginvest]

Botswana conducts due diligence on HB Antwerp stake, president says

GABORONE (Reuters) - Botswana is conducting due diligence on HB Antwerp, as the world's top diamond producing country by value seeks to finalise a deal to acquire a 24% shareholding in the Belgian gem trader, President Mokgweetsi Masisi said on Monday.

At the height of talks for a new sales contract with De Beers in March, Botswana announced a deal to become a shareholder in HB Antwerp and to supply the trader with 10% of the rough diamond output from the state-owned Okavango Diamond Company (ODC) for five years.
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https://www.msn.com/en-us/money/companies/botswana-conducts-…

[Oginvest]

Antwort auf Beitrag Nr.: 74.692.800 von Oginvest am 25.10.23 18:44:47

In diamond centre Antwerp, Russian gems are already shunned

https://srnnews.com/in-diamond-centre-antwerp-russian-gems-a…

[Oginvest]

De Beers agrees five-year wage deal with S.African union

(Reuters) - Anglo American (JO:AGLJ) Plc's De Beers on Thursday signed a five-year wage deal with the National Union of Mineworkers (NUM) which represents workers at its South African diamond operations.

The agreement will see employees receiving a 7% increase in 2023, and 6% in the subsequent years until April 30 2028, De Beers said in a statement. The increase takes the minimum entry level basic wage to 17,630 rand ($954.30) per month, excluding allowances, De Beers said in a statement.
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https://uk.investing.com/news/stock-market-news/de-beers-agr…

[Oginvest]

Diamanten im Visier: EU plant zwölftes Paket mit Russland-Sanktionen

BRÜSSEL (dpa-AFX) - In der EU wird an einem zwölften Paket mit Sanktionen gegen Russland gearbeitet. Wie mehrere ranghohe EU-Beamte am Mittwoch in Brüssel sagten, gibt es Pläne für die Beschränkung des Handels mit Diamanten aus Russland.
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https://www.finanzen.net/nachricht/aktien/diamanten-im-visie…

[Oginvest]

Chile's Cochilco says large-scale copper mining costs keep growing

SANTIAGO, Oct 24 (Reuters) - The costs of large-scale copper mining in Chile kept rising due to lower production and rising service costs, a report from the state-run Chilean Copper Commission (Cochilco) said on Tuesday.

The report, which covers the first half of the year, said that the direct cost reached 198.8 cents per pound, a year-on-year increase of 39.6 cents.
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https://www.reuters.com/markets/commodities/chiles-cochilco-…

[Oginvest]

Botswana’s ODC halts diamond sales as industry seeks to reduce glut

Botswana’s state-owned Okavango Diamond Company (ODC) has temporarily halted its rough stone sales as part of an industry-wide drive to reduce the glut of inventory caused by lower global demand for jewelry, its managing director Mmetla Masire said on Tuesday.

ODC, which reported a record $1.1 billion in revenue in 2022, holds 10 auctions a year to sell its 25% allocation of production from Debswana Diamond Company, a joint venture between Anglo American’s (AAL.L) De Beers and Botswana, in terms of the partners’ gem sales agreement.

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https://www.dcla.com.au/news/botswanas-odc-halts-diamond-sal…

[Oginvest]

Anglo American Q3 2023 Production Report

Duncan Wanblad, Chief Executive of Anglo American, said: “Production in the third quarter overall was consistent with the same period in 2022. A 42% increase in copper production as Quellaveco's contribution ramps up was offset primarily by De Beers, as Venetia transitions to underground operations, and by performance at Moranbah and the Grosvenor ramp-up at the underground Steelmaking Coal operations.

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https://www.angloamerican.com/media/press-releases/2023/24-1…